Alaska § 06.55.401 - Authority to conduct examinations.
Full text of Alaska Alaska Statutes § 06.55.401 — Authority to conduct examinations., with citation guidance and answers to common questions.
§ 06.55.401. Authority to conduct examinations.
(a) The department may conduct an annual examination of a money services licensee or of any of its authorized delegates upon 45 days' notice in a record to the money services licensee.
(b) The department may examine a money services licensee or its authorized delegate, at any time, without notice, if the department has reason to believe that the money services licensee or authorized delegate is engaging in an unsafe or unsound practice or has violated or is violating this chapter or a regulation adopted or an order issued under this chapter.
(c) If the department concludes that an on-site examination is necessary under (a) of this section, the money services licensee shall pay the reasonable cost of the examination.
(d) Information obtained during an examination under this chapter may be disclosed only as provided in AS 06.55.407 .
Source: official Alaska text · Last verified 2026-08-27
Frequently Asked Questions About Alaska § 06.55.401
What does Alaska Statutes § 06.55.401 cover?
Section 06.55.401 ("Authority to conduct examinations.") is part of the Alaska Statutes, the codified statutory law of Alaska. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite Alaska § 06.55.401?
A common citation format is "Alaska Statutes § 06.55.401" (Alaska). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of Alaska law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the Alaska official source linked on this page or consult a licensed Alaska attorney.
How does Alaska § 06.55.401 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in Alaska can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in Alaska.